Equities analysts forecast that Fidelity National Information Services, Inc. (NYSE:FIS) will post sales of $2.26 billion for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Fidelity National Information Services’ earnings, with the lowest sales estimate coming in at $2.11 billion and the highest estimate coming in at $2.38 billion. Fidelity National Information Services posted sales of $2.31 billion during the same quarter last year, which would indicate a negative year over year growth rate of 2.2%. The firm is scheduled to issue its next earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Fidelity National Information Services will report full-year sales of $2.26 billion for the current year, with estimates ranging from $8.92 billion to $9.44 billion. For the next financial year, analysts forecast that the business will report sales of $9.34 billion per share, with estimates ranging from $9.13 billion to $9.84 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Fidelity National Information Services.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. Fidelity National Information Services’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share.

Several analysts have recently weighed in on FIS shares. Cowen and Company reissued a “buy” rating and issued a $97.00 target price on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Barclays PLC reaffirmed a “buy” rating and set a $94.00 price objective on shares of Fidelity National Information Services in a research note on Friday, May 5th. Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BMO Capital Markets upped their price objective on Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Finally, Stephens reaffirmed a “positive” rating and set a $101.00 price objective (up from $93.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Fidelity National Information Services currently has an average rating of “Buy” and a consensus target price of $92.20.

In other Fidelity National Information Services news, Director Frank R. Martire sold 400,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $90.34, for a total transaction of $36,136,000.00. Following the transaction, the director now owns 202,517 shares in the company, valued at approximately $18,295,385.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James B. Stallings, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $85.39, for a total value of $85,390.00. Following the transaction, the director now owns 14,498 shares in the company, valued at approximately $1,237,984.22. The disclosure for this sale can be found here. Insiders have sold a total of 403,181 shares of company stock worth $36,418,378 in the last quarter. 2.66% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America boosted its position in Fidelity National Information Services by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 9 shares during the last quarter. Motco boosted its position in Fidelity National Information Services by 12.3% in the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock valued at $102,000 after buying an additional 131 shares during the last quarter. Morgan Dempsey Capital Management LLC boosted its position in Fidelity National Information Services by 3.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock valued at $104,000 after buying an additional 45 shares during the last quarter. Financial Architects Inc boosted its position in Fidelity National Information Services by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 9 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in Fidelity National Information Services by 6.8% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock valued at $112,000 after buying an additional 84 shares during the last quarter. Institutional investors own 86.70% of the company’s stock.

Shares of Fidelity National Information Services (NYSE:FIS) opened at 89.39 on Thursday. The company’s 50-day moving average price is $88.40 and its 200 day moving average price is $83.83. Fidelity National Information Services has a 12-month low of $73.25 and a 12-month high of $92.78. The firm has a market capitalization of $29.71 billion, a price-to-earnings ratio of 44.81 and a beta of 0.84.

Fidelity National Information Services declared that its board has initiated a stock buyback program on Wednesday, August 2nd that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to reacquire up to 13.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s payout ratio is 58.00%.

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About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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Earnings History and Estimates for Fidelity National Information Services (NYSE:FIS)

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